{"id":203294,"date":"2010-01-20T11:03:00","date_gmt":"2010-01-20T16:03:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-6100154471484127646"},"modified":"2010-01-20T11:09:49","modified_gmt":"2010-01-20T16:09:49","slug":"cnbc-video-bill-ackman-how-warren-buffett-convinced-me-to-buy-kraft","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/203294","title":{"rendered":"CNBC VIDEO: Bill Ackman: How Warren Buffett Convinced Me to Buy Kraft"},"content":{"rendered":"<p><!-- AddThis Button BEGIN --><\/p>\n<div class=\"fL tool_datetime clr\">Published:       <span class=\"cnbc_sbhd_comp\">Wednesday, 20 Jan 2010 | 10:59 AM ET <\/span><\/div>\n<div class=\"w100p clr cnbc_blgwlt_dot\" archive=\"urn:schemas-microsoft-com:workbench:xslt:archive\">\n<div class=\"padT\">\n<div class=\"fR tool_textsize\"><span class=\"cnbc_sbhd_comp fL padR\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"w100p clr cnbc_blgwlt_dot\" archive=\"urn:schemas-microsoft-com:workbench:xslt:archive\">\n<div class=\"w100p fL clr padT marB20\">\n<div class=\"fL clr padB20\">\n<div class=\"fL\"><span class=\"cnbc_sbhd_comp\">By: JeeYeon Park<br \/>CNBC News Associate<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span><b><strong>Kraft<\/strong><\/b> did an \u201cexcellent job\u201d and paid a fair price in regards to the Cadbury deal, said William Ackman, managing partner at Pershing Square Capital Management. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>\u201cAs a result of the <b><strong>Cadbury <span id=\"WSODQ_COMPONENT_CBY_ID0E6CAC15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_CBY_ID0E6CAC15839609');<\/script><span id=\"span_quote_CBY_ID0E6CAC15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_CBY_ID0E6CAC15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_CBY_ID0E6CAC15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/CBY\" class=\"black_no_change\"><span id=\"set_quote_CBY_ID0E6CAC15839609\">[<\/span><span id=\"WSODQSTREAMOFF_CBY_SYMBOL_1_ID0E6CAC15839609\">CBY<\/span>    <span id=\"WSODQSTREAMOFF_CBY_LAST_1_ID0E6CAC15839609\">54.30<\/span>    <span id=\"WSODQSTREAMOFF_CBY_CHANGEARROW_1_ID0E6CAC15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_down.gif\" border=\"0\" \/><\/span>      <span class=\"red_neg_change\" id=\"WSODQSTREAMOFF_CBY_DYNACOLOR0_1_ID0E6CAC15839609\"><span id=\"WSODQSTREAMOFF_CBY_CHANGE_1_ID0E6CAC15839609\">-0.79<\/span>    <span id=\"WSODQSTREAMOFF_CBY_UNCHHIDE_1_ID0E6CAC15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_CBY_CHANGEPCT_1_ID0E6CAC15839609\">-1.43%<\/span>)<span id=\"WSODQSTREAMOFF_CBY_FLASH_1_ID0E6CAC15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"CBY\",\"WSODQ_COMPONENT_CBY_ID0E6CAC15839609\",\"WSODQ\",\"true\",\"ID0E6CAC15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script><\/strong><\/b> deal, because of fear that the company would overpay, because of the arbitragers shorting the stock, the stock we thought was quite cheap,\u201d Ackman told CNBC. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span><\/p>\n<div id=\"playerIFRAMEVid\" class=\" fL vidInlineWrapper\" style=\"width: 340px;\"><object classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\" id=\"cnbcplayer\" height=\"285\" width=\"320\"><param name=\"type\" value=\"application\/x-shockwave-flash\"><param name=\"allowfullscreen\" value=\"true\"><param name=\"allowscriptaccess\" value=\"always\"><param name=\"quality\" value=\"best\"><param name=\"wmode\" value=\"transparent\"><param name=\"bgcolor\" value=\"#000000\"><param name=\"salign\" value=\"lt\"><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1390939297\/code\/cnbcinline\/module\/videoModule\"><embed pluginspage=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" allowfullscreen=\"true\" allowscriptaccess=\"always\" bgcolor=\"#000000\" quality=\"best\" salign=\"lt\" type=\"application\/x-shockwave-flash\" wmode=\"transparent\" name=\"cnbcplayer\" src=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1390939297\/code\/cnbcinline\/module\/videoModule\" height=\"285\" width=\"320\"><\/embed><\/object><iframe loading=\"lazy\" id=\"IFRAME_34953828\" src=\"http:\/\/www.cnbc.com\/id\/34953828\" name=\"CNBCVideo34953828\" frameborder=\"0\" height=\"52px\" scrolling=\"NO\" width=\"340px\"><\/iframe><\/div>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Ackman said billionaire investor Warren Buffett \u2014 whose Berkshire Hathaway is Kraft&#8217;s largest shareholder \u2014 was the catalyst for Pershing Square&#8217;s decision to buy Kraft <span id=\"WSODQ_COMPONENT_KFT_ID0E5IAC15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_KFT_ID0E5IAC15839609');<\/script><span id=\"span_quote_KFT_ID0E5IAC15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_KFT_ID0E5IAC15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_KFT_ID0E5IAC15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/KFT\" class=\"black_no_change\"><span id=\"set_quote_KFT_ID0E5IAC15839609\">[<\/span><span id=\"WSODQSTREAMOFF_KFT_SYMBOL_1_ID0E5IAC15839609\">KFT<\/span>    <span id=\"WSODQSTREAMOFF_KFT_LAST_1_ID0E5IAC15839609\">28.67<\/span>    <span id=\"WSODQSTREAMOFF_KFT_CHANGEARROW_1_ID0E5IAC15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_down.gif\" border=\"0\" \/><\/span>      <span class=\"red_neg_change\" id=\"WSODQSTREAMOFF_KFT_DYNACOLOR0_1_ID0E5IAC15839609\"><span id=\"WSODQSTREAMOFF_KFT_CHANGE_1_ID0E5IAC15839609\">-0.74<\/span>    <span id=\"WSODQSTREAMOFF_KFT_UNCHHIDE_1_ID0E5IAC15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_KFT_CHANGEPCT_1_ID0E5IAC15839609\">-2.52%<\/span>)<span id=\"WSODQSTREAMOFF_KFT_FLASH_1_ID0E5IAC15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"KFT\",\"WSODQ_COMPONENT_KFT_ID0E5IAC15839609\",\"WSODQ\",\"true\",\"ID0E5IAC15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script> shares. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>&#8220;[Buffett] said Kraft shouldn\u2019t issue too many shares\u2014that was the big risk,&#8221; he said. &#8220;Once he said that, we thought the likelihood of that happening was very small and we started building our stake in the company.&#8221; <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>&#8220;You\u2019re buying Kraft at less than 15 times earnings at over 4 percent dividend yield and they\u2019re buying one of the greatest businesses of all times.\u201d <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>Ackman\u2019s firm Pershing Square has a 2 percent stake in Kraft as of last week and plans to purchase more shares. <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>&#8220;These are very high margin businesses,&#8221; he said. &#8220;What Kraft gets is an improved global distribution&#8230;If you look at the Kraft brand, it\u2019s an incredible collection of the best brands.&#8221; <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>&#8220;The other opportunity is, we have two businesses, both are underearning, they\u2019re both not achieving what they should be in terms of margins&#8230;and I think the combined business has synergy as well.&#8221;  <\/p>\n<p class=\"textBodyBlack\"><span id=\"byLine\"><\/span>In the last few months, Ackman said his firm bought shares of <b><strong>Nestle<\/strong><\/b>, <b><strong>ADP <span id=\"WSODQ_COMPONENT_ADP_ID0EOOAC15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_ADP_ID0EOOAC15839609');<\/script><span id=\"span_quote_ADP_ID0EOOAC15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_ADP_ID0EOOAC15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_ADP_ID0EOOAC15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/ADP\" class=\"black_no_change\"><span id=\"set_quote_ADP_ID0EOOAC15839609\">[<\/span><span id=\"WSODQSTREAMOFF_ADP_SYMBOL_1_ID0EOOAC15839609\">ADP<\/span>    <span id=\"WSODQSTREAMOFF_ADP_LAST_1_ID0EOOAC15839609\">41.81<\/span>    <span id=\"WSODQSTREAMOFF_ADP_CHANGEARROW_1_ID0EOOAC15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_down.gif\" border=\"0\" \/><\/span>      <span class=\"red_neg_change\" id=\"WSODQSTREAMOFF_ADP_DYNACOLOR0_1_ID0EOOAC15839609\"><span id=\"WSODQSTREAMOFF_ADP_CHANGE_1_ID0EOOAC15839609\">-1.10<\/span>    <span id=\"WSODQSTREAMOFF_ADP_UNCHHIDE_1_ID0EOOAC15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_ADP_CHANGEPCT_1_ID0EOOAC15839609\">-2.56%<\/span>)<span id=\"WSODQSTREAMOFF_ADP_FLASH_1_ID0EOOAC15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"ADP\",\"WSODQ_COMPONENT_ADP_ID0EOOAC15839609\",\"WSODQ\",\"true\",\"ID0EOOAC15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script><\/strong><\/b>, <b><strong>McDonald\u2019s <span id=\"WSODQ_COMPONENT_MCD_ID0EWDAE15839609\"><script type=\"text\/javascript\">cnbc_comboQuoteMove('popup_MCD_ID0EWDAE15839609');<\/script><span id=\"span_quote_MCD_ID0EWDAE15839609\" style=\"text-decoration: none;\" onmouseover=\"cnbc_spanTipPopShow('combo_popup_MCD_ID0EWDAE15839609',this,'0','15');\" onmouseout=\"cnbc_spanTipPopTimeHide('combo_popup_MCD_ID0EWDAE15839609',this,'0','15');\"><a style=\"font-family: Arial; font-weight: bold; font-size: 12px; color: rgb(0, 66, 118); text-decoration: none;\" onmouseover=\"this.style.color='#Fc7410'\" onmouseout=\"this.style.color='#004276'\" href=\"http:\/\/data.cnbc.com\/quotes\/MCD\" class=\"black_no_change\"><span id=\"set_quote_MCD_ID0EWDAE15839609\">[<\/span><span id=\"WSODQSTREAMOFF_MCD_SYMBOL_1_ID0EWDAE15839609\">MCD<\/span>    <span id=\"WSODQSTREAMOFF_MCD_LAST_1_ID0EWDAE15839609\">63.00<\/span>    <span id=\"WSODQSTREAMOFF_MCD_CHANGEARROW_1_ID0EWDAE15839609\"><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/componentbacks\/watchlist_down.gif\" border=\"0\" \/><\/span>      <span class=\"red_neg_change\" id=\"WSODQSTREAMOFF_MCD_DYNACOLOR0_1_ID0EWDAE15839609\"><span id=\"WSODQSTREAMOFF_MCD_CHANGE_1_ID0EWDAE15839609\">-0.48<\/span>    <span id=\"WSODQSTREAMOFF_MCD_UNCHHIDE_1_ID0EWDAE15839609\" class=\"WSODQ_CHGSHOW\">(<span id=\"WSODQSTREAMOFF_MCD_CHANGEPCT_1_ID0EWDAE15839609\">-0.76%<\/span>)<span id=\"WSODQSTREAMOFF_MCD_FLASH_1_ID0EWDAE15839609\"><\/span><\/span><\/span>      <span><img decoding=\"async\" src=\"http:\/\/media.cnbc.com\/i\/CNBC\/CNBC_Images\/backgrounds\/realtime_icon.gif\" border=\"0\" \/><\/span>]<\/a><\/span><\/span><script type=\"text\/javascript\">         cnbc_quoteComponent_init_getData(\"MCD\",\"WSODQ_COMPONENT_MCD_ID0EWDAE15839609\",\"WSODQ\",\"true\",\"ID0EWDAE15839609\",\"off\",\"false\",\"inLineQuote\");         <\/script><\/strong><\/b>.<\/p>\n<div id=\"vidTopContent\" datefunctions=\"urn:schemas-microsoft-com:workbench:xslt:date\">\n<div class=\"vidHeader\">\n<h1><span style=\"font-size:100%;\">Kraft-ing a Sweet Deal, Pt. 2<\/span><\/h1>\n<\/div>\n<\/div>\n<div id=\"videoPermalink\" datefunctions=\"urn:schemas-microsoft-com:workbench:xslt:date\">\n<div id=\"vidWrapper\"><script type=\"text\/javascript\" src=\"http:\/\/plus.cnbc.com\/stickers\/partners\/cnbcpermalink\/events.js\"><\/script><\/p>\n<div id=\"SWFObject\"><object classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\" id=\"cnbcplayer\" height=\"370\" width=\"580\"><param name=\"type\" value=\"application\/x-shockwave-flash\"><param name=\"allowfullscreen\" value=\"true\"><param name=\"allowscriptaccess\" value=\"always\"><param name=\"quality\" value=\"best\"><param name=\"bgcolor\" value=\"#000000\"><param name=\"wmode\" value=\"transparent\"><param name=\"salign\" value=\"lt\"><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1390944972\/code\/cnbcpermalink\/play\/1\/module\/videoModule\"><embed pluginspage=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" allowfullscreen=\"true\" allowscriptaccess=\"always\" bgcolor=\"#000000\" quality=\"best\" salign=\"lt\" type=\"application\/x-shockwave-flash\" name=\"cnbcplayer\" wmode=\"transparent\" src=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1390944972\/code\/cnbcpermalink\/play\/1\/module\/videoModule\" height=\"370\" width=\"580\"><\/embed><\/object><\/div>\n<div id=\"vidDescWrapper\">\n<div id=\"vidTitle\">\n<p class=\"date\"><span>Airtime: <\/span><span><script>                       document.write(cnbc_video_toDateString(1263990600000));                     <\/script>Thurs. Jan. 21 2010 |  1:30 AM ET                   <\/span><\/p>\n<p style=\"font-style: italic;\">Discussing Pershing Square&#8217;s stake in Kraft, with William Ackman, Pershing Square Capital Mgmt.<\/p>\n<p><a name=\"comments\"><span style=\"font-weight: bold;\">Share Investor Links<\/span><\/a><a name=\"comments\"><\/a><\/p>\n<p><a href=\"http:\/\/www.shareinvestorblog.com\/\">Share Investor Blog<\/a> &#8211; Stockmarket &amp; Business commentary<br \/><a href=\"http:\/\/shareinvestornz.blogspot.com\/2007\/02\/new-zealand-business-news.html\">Share Investor New Zealand Business News<\/a>&#8211; Get more business news<br \/>Discuss this topic @<a href=\"http:\/\/www.shareinvestorforum.com\/\"> Share Investor Forum<\/a> &#8211; <a href=\"http:\/\/shareinvestorforum.com\/ucp.php?mode=register&amp;sid=450a61250472e03fa25c205c9c1723f1\"><strong>Register<strong><\/strong><\/strong><\/a> free<br \/><a href=\"http:\/\/www.currency-market.blogspot.com\/\">Share Investor&#8217;s Daily Forex Updates<\/a><\/p>\n<p><span style=\"font-weight: bold;\">Recommended Amazon Reading<\/span><\/p>\n<table id=\"searchResults\" cellspacing=\"0\">\n<tbody>\n<tr class=\"clsOdd\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/51hlhRX908L._SL75_.jpg\" alt=\"The Snowball: Warren Buffett and the Business of Life\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0553384619\">The Snowball: Warren Buffett and the Business of Life<\/a> by <span class=\"by\">Alice Schroeder<\/span><br \/>   Buy new:        $13.60       \/ Used from:        $11.85<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<tr class=\"clsEven\">\n<td class=\"tdimage\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\"><img decoding=\"async\" src=\"http:\/\/ecx.images-amazon.com\/images\/I\/41rcIrKhYiL._SL75_.jpg\" alt=\"The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)\" \/><\/a><\/td>\n<td class=\"tddescription\"><a href=\"http:\/\/astore.amazon.com\/shareinvestorbookstore-20\/detail\/0060555661\">The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)<\/a> by <span class=\"by\">Benjamin Graham<\/span><br \/>   Buy new:        $14.95       \/ Used from:        $10.44<br \/><span class=\"availability\">Usually ships in 24 hours<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/div>\n<\/div>\n<div id=\"moreVideoContent\">\n<\/div>\n<\/div>\n<\/div>\n<div><script type=\"text\/javascript\">var addthis_pub=\"shareinvestor<\/script><a name=\"data:post.title\" id=\"data:post.url\" onmouseover=\"'return\" onmouseout=\"addthis_close()\" onclick=\"return addthis_sendto()\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/s7.addthis.com\/static\/btn\/lg-share-en.gif\" alt=\"Bookmark and Share\" style=\"border: 0pt none ;\" height=\"16\" width=\"125\" \/><\/a><script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/200\/addthis_widget.js\"><\/script><\/div>\n<p><!-- AddThis Button END --><\/p>\n<div class=\"blogger-post-footer\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1811166043296468\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 60;\ngoogle_ad_format = \"468x60_as\";\ngoogle_ad_type = \"image\";\ngoogle_ad_channel =\"\";\n\/\/--><\/script><br \/>\n<script type=\"text\/javascript\"\n  src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/3087194156628161158-6100154471484127646?l=everythingwarrenbuffett.blogspot.com' alt='' \/><\/div>\n<p><a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/Fg5TGvCONBUKSYXa9MRQzLFlS7k\/0\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/Fg5TGvCONBUKSYXa9MRQzLFlS7k\/0\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><br \/>\n<a href=\"http:\/\/feedads.g.doubleclick.net\/~a\/Fg5TGvCONBUKSYXa9MRQzLFlS7k\/1\/da\"><img decoding=\"async\" src=\"http:\/\/feedads.g.doubleclick.net\/~a\/Fg5TGvCONBUKSYXa9MRQzLFlS7k\/1\/di\" border=\"0\" ismap=\"true\"><\/img><\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?a=V7yk1u3ImjY:EgZsrLjGHl4:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/EverythingWarrenBuffett?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/EverythingWarrenBuffett\/~4\/V7yk1u3ImjY\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published: Wednesday, 20 Jan 2010 | 10:59 AM ET By: JeeYeon ParkCNBC News Associate Kraft did an \u201cexcellent job\u201d and paid a fair price in regards to the Cadbury deal, said William Ackman, managing partner at Pershing Square Capital Management. \u201cAs a result of the Cadbury [CBY 54.30 -0.79 (-1.43%) ] deal, because of fear [&hellip;]<\/p>\n","protected":false},"author":833,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-203294","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/203294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/833"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=203294"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/203294\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=203294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=203294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=203294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}